WHITEHEAD INSTITUTE FOR BIOMEDICAL RESEARCH
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$164,876,615
Other
70%
Contributions
13%
Government Grants
9%
Investments
8%
Program Services
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$145,733,750
Other
55%
Salaries & Benefits
27%
Fees to Service Providers
6%
Offices, Occupancy & IT
4%
Depreciation
4%
Interest
3%
Grants
2%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$17,967,459
$21,565,852
+20%
Government Grants
$13,330,333
$14,717,070
+10%
Fundraising Events
$0
$0
-
Program Services
$1,160,980
$771,855
-34%
Membership Dues
$0
$0
-
Investments
$10,990,133
$13,053,090
+19%
Other
$76,743,692
$114,768,748
+50%
Total Revenues
$120,192,597
$164,876,615
+37%
Expenses
2023
2024
Change
Grants
$2,481,689
$2,402,028
-3%
Benefits to Members
$0
$0
-
Salaries & Benefits
$35,497,079
$39,262,204
+11%
Fees to Service Providers
$8,042,020
$8,879,236
+10%
Advertising & Promotion
$33,148
$847
-97%
Offices, Occupancy & IT
$3,826,625
$5,636,925
+47%
Interest
$3,639,848
$3,659,813
+1%
Depreciation
$5,924,267
$5,454,112
-8%
Other
$63,455,125
$80,438,585
+27%
Total Expenses
$122,899,801
$145,733,750
+19%
Net income
2023
2024
Change
Net income
-$2,707,204
+$19,142,865
-807%
Functional Expenses
Summary
2023
2024
Change
Program
$103,589,170
$123,250,153
+19%
Admin
$17,719,530
$20,821,785
+18%
Fundraising
$1,591,101
$1,661,815
+4%
Total Expenses
$122,899,801
$145,733,750
+19%
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